(SANM) is unchanged at $35.60 Sanmina Appoints David Anderson As…
Sanmina Corporation, launched on May 9, 1989, is a provider of integrated manufacturing solutions, components, products and repair, logistics and after-market services. The Company provides its offerings primarily to original equipment manufacturers (OEMs) in various industries, including communications networks, storage, industrial, defense and aerospace, medical, energy and industries that include embedded computing technologies, such as point of sale devices, casino gaming and automotive. The Company operates through two businesses: Integrated Manufacturing Solutions (IMS) and Components, Products and Services (CPS). IMS includes printed circuit board assembly and test, final system assembly and test, and direct-order-fulfillment. Its Components include interconnect systems (printed circuit board fabrication, backplane and cable assemblies) and mechanical systems (enclosures, precision machining and plastic injection molding). Its Products include memory, radio frequency (RF), optical and microelectronic solutions from its Viking Technology division, defense and aerospace products from SCI Technology Inc. (SCI), storage solutions from its Newisys division and cloud-based manufacturing execution system from its division, 42Q. Its Services include design, engineering, logistics and repair services..
It is currently trading at $35.60 just below the 50 day moving average which is $38.50 and which is marginally under the 200 day moving average of $38.53. The 50 day moving average was down $-2.90 and the 200 day average went down by -7.60%.
Sanmina Corporation currently has a P/E ratio of 13.00 and market capitalization is 2.68B. In the last earnings report the EPS was $2.74 and is projected to be $3.01 for the current year with 75,372,000 shares presently outstanding. Analysts expect next quarter’s EPS to be $0.78 with next year’s EPS projected to be $3.17.
Several brokerage firms have released opinions on the stock of late. On October 31 the company was downgraded to “Hold” from “Buy” by Cross Research. On July 26 the stock rating was downgraded from “Buy” to “Hold” by analysts at Craig-Hallum.
On January 26 the stock rating was upgraded from “Sell” to “Neutral” in a report from Citigroup. On January 20 the company was upgraded from “Underperform” to “Sector Perform” in a statement from RBC Capital.
On December 4, 2015 B. Riley started covering the stock setting a rating of “Buy”. On December 4 analysts at B Riley added SANM to its research portfolio with an initial rating of “Buy” and a price target of $26.00.